The CBOT was mixed to start the week with corn and the soy complex seeing some cautious support, mostly concentrated in old crop markets, while the massive selloff in wheat continued with funds eagerly selling into the weakness. One feature of the day’s trade was the Goldman roll, which has funds moving out of July positions and into deferred markets. This will impact spread trade and volumes this week, with the WASDE due out on Wednesday. The WASDE’s presence seems to be offering some support to the corn and soy complex markets while traders are increasingly concerned USDA’s adjustments to the wheat outlook will be more bearish than bullish. Funds were heavy net sellers in wheat for the day while emerging as slight net bu...

TAGS – Feed Grains, Soy & Oilseeds, Wheat, Livestock, North America, South America